Aug 12 (Reuters) - Primary Health Properties ( PHPRF ) said on Tuesday it
had secured acceptances for 62.9% of Assura shares in its takeover bid
for the British healthcare real estate investor.
PHP confirmed that all remaining conditions to its revised $2.4 billion bid
for Assura have now been satisfied, which implies that PHP can now proceed with
the acquisition.
Assura on Friday reiterated its support for PHP's takeover bid, despite
rival suitor KKR urging it to back its competing offer.
The U.S.-based private equity firm and PHP had been locked in a months-long
battle for Assura before its board backed PHP's higher bid in June.